GOLD gold futures
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xerxes,See, this is what I don't get about everyone carrying on...

  1. BH!
    2,521 Posts.
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    24/04/08
    20:53
    Post #: 3626838
    xerxes,

    See, this is what I don't get about everyone carrying on about it retreating back to $850 or so.

    That would constitute a 50% retracement from its Aug 07 low, to its Mar 08 high. I don't see why it needs to retrace that far.

    In fact, if you take away the retreat from the May 06 high, a 50% retracement isn't all that common in the gold bull.

    Sorry, but I just don't see it happening.
    Value at posting: $0.00
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